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PepsiCo Beverages Boost Q2 Results

PepsiCo reported 0.5% growth in net revenues in Q2, with organic revenues rising 3.6%. As expected, the snacks business, which constitutes more than half the net sales for PepsiCo, drove top line growth in the quarter. Organic revenue grew 5% for the snacks division, while beverage sales rose 2% globally during this period. Non-sparkling beverages such as sports drinks, ready-to-drink teas and coffee continued to rise owing to healthier consumer perception and low current penetration levels. Sparkling volumes declined in North America, reflecting continued headwinds in the domestic carbonated soft drinks category, which declined for the ninth consecutive year in 2013. (Forbes.com)